Rowan (RDC -1.6%) and Diamond Offshore (DO -1.7%) are downgraded to Market Perform at...

|About: Rowan Companies plc (RDC)|By:, SA News Editor

Rowan (RDC -1.6%) and Diamond Offshore (DO -1.7%) are downgraded to Market Perform at FBR Capital, which says it is growing more selective among offshore drillers as the likelihood of sticker shock from deepwater contract news is lower, and offshore drillers could ultimately attract investors looking to increase exposure to U.S. land services once they gain more clarity.